Nigeria, São Tomé and Príncipe to exploit 500 million barrels of oil
French oil giant Total and Nigeria-São Tomé and Príncipe Joint Development Authority (JDA) last week signed a new production sharing contract (PSC) to grant exclusive […]
oil
Angola unveils six-year oil licensing strategy
Angola has taken another step towards reforming the oil sector, the country’s main source of revenue. The government last weekend unveiled its oil licensing strategy […]
Angola’s President appoints National Agency for Oil, Gas and Biofuel leadership
Angola’s recently launched Oil, Gas and Biofuels Agency (ANPG) created by President João Lourenço, has a new chairman. Angola’s former Secretary of State for Oil, […]
Mauritania awards Total two oil exploration and production contracts
Integrated oil and gas company Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration […]
Italian Eni announces new oil discovery in Angola
Eni has struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between […]
Nigeria oil reform bill to establish powerful industry regulator
Nigeria’s government under a legislation—known as the Petroleum Industry Bill (PIB)—will soon create a powerful energy regulator with broad oversight of the oil and gas […]
Nigeria inks deal with consortiums to renovate oil refineries
Nigeria’s state oil firm NNPC has completed talks with two consortiums to revamp Africa’s biggest crude producer’s rundown refineries. According to Reuters, the two consortiums […]
Ghana to build new oil refinery for $4 billion
Ghana is set to establish a refinery in the central region of the West African nation, to refine 150, 000 barrels of oil per-day, Energy […]
Angola: Jose dos Santos Jr dismissed from sovereign wealth fund
Angola’s president, João Lourenço, has sacked his predecessor’s son, José Filomeno Dos Santos, as the head of the country’s sovereign wealth fund. The dismissal of […]
Libyan oil revenues up sharply in 2017 – Central Bank
Libyan oil revenues have sharply increased in 2017, the central Bank said last weekend. According to a statement released by the central Bank, the North […]